Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Swedish Krona/Brazilian Real (FOREX:SEKBRL)
Strong Uptrend (+100) - SEKBRL is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SEKBRL continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid SEKBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKBRL
The long-term trend has been UP since Oct 4th, 2021 at 0.62493363
The intermediate-term trend has been UP since Sep 24th, 2021 at 0.61889236
The short-term trend has been UP since Oct 19th, 2021 at 0.64028374
Smart Scan Analysis for SEKBRL
Based on our trend formula, SEKBRL is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).